ProShares SAMPP Variance
| CTEX Etf | | | USD 35.77 -0.67 -1.84% |
Observed values used in the Variance indicator for ProShares SAMPP Kensho are included in this dataset. The underlying data comes from exchange-reported trading records.
Trending Equities provides a view into diversified allocation design. Understanding allocation structure supports portfolio context. The portfolio reflects a holding in ProShares SAMPP Kensho. The position falls within the allocation view. The allocation approach determines the relative weighting of each position. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in unemployment.
ProShares SAMPP Kensho has current Variance of 6.59. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance | = | SUM(RET DEV)2N |
| = | 6.59 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Variance Relative To Other Indicators
ProShares SAMPP Kensho is rated
second in variance compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
1.95 of Maximum Drawdown per Variance. At
1.95 , ProShares SAMPP Kensho's Maximum Drawdown-to-Variance multiple reflects the spread between these metrics
Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
Compare ProShares SAMPP to Peers
Other Technical Indicators